ender4 Posted January 4 Share Posted January 4 2 hours ago, tinker said: Speak to seller of your new home and see if they will absorb half the 14k. Just be open and honest, they won't want to relist as the chances are they will have to drop their asking price. Thats also a way to lose your potential perfect home. Link to comment Share on other sites More sharing options...
tinker Posted January 4 VT Supporter Share Posted January 4 5 minutes ago, ender4 said: Thats also a way to lose your potential perfect home. Not sure how, you can always pay the full amount if they say they aren't willing to help. If you don't ask you don't get. Link to comment Share on other sites More sharing options...
omariqy Posted January 4 Share Posted January 4 Thanks all. We managed to get a few k more by asking and whilst it’s a drop still, we felt to get the house we want then I think it’s worth it! Link to comment Share on other sites More sharing options...
Genie Posted January 5 Share Posted January 5 I think the market will start warming up again soon. Lenders have already started dropping their rates ahead of the strongly rumoured BoE interest rate cuts this year. Halifax have cut nearly 1% off their rates this week which will likely trigger a bit of a bidding war for new business. Link to comment Share on other sites More sharing options...
Genie Posted March 4 Share Posted March 4 (edited) I’ve seen this advert pop up a couple of times on fb and as you might expect, the comments are very critical £650,000 and you have to look both ways just go step out of the front door. No front garden at all. They couldn’t even be bothered to level off the front of the house/road. They really aren’t doing the new build reputation any favours. This is the full listing for anyone interested. Edited March 4 by Genie 1 1 Link to comment Share on other sites More sharing options...
Xela Posted March 4 Share Posted March 4 1 hour ago, Genie said: I’ve seen this advert pop up a couple of times on fb and as you might expect, the comments are very critical £650,000 and you have to look both ways just go step out of the front door. No front garden at all. They couldn’t even be bothered to level off the front of the house/road. They really aren’t doing the new build reputation any favours. This is the full listing for anyone interested. Utterly depressing shitboxes that are 20x the national average salary. I assume you park down the side along with your neighbour? Link to comment Share on other sites More sharing options...
Genie Posted March 4 Share Posted March 4 (edited) 25 minutes ago, Xela said: Utterly depressing shitboxes that are 20x the national average salary. I assume you park down the side along with your neighbour? Yeah, the garage is detached and set back. Theres yours and the neighbour drive/garage next to each other. That will be fun when your neighbour has a big car, or parks towards the centre. No idea why people put themselves through it living it them. If it was cheap then you could possibly understand if, but £650k and you can’t open your car door for fear of hitting the neighbours car. Or scared to step out of the front door for fear of being hit by a delivery van making up lost time. Edited March 4 by Genie Link to comment Share on other sites More sharing options...
Xela Posted March 29 Share Posted March 29 I think this place is great, definitely my dream type of property. Good value as well IMO, as you are buying 2 properties. The sad thing is that it now appears to be in the middle of various business parks. I bet back in the day it was just rolling fields @Seat68? https://www.zoopla.co.uk/for-sale/details/66837784/ 1 Link to comment Share on other sites More sharing options...
Popular Post MaVilla Posted March 29 Popular Post Share Posted March 29 On 04/03/2024 at 11:41, Genie said: I’ve seen this advert pop up a couple of times on fb and as you might expect, the comments are very critical £650,000 and you have to look both ways just go step out of the front door. No front garden at all. They couldn’t even be bothered to level off the front of the house/road. They really aren’t doing the new build reputation any favours. This is the full listing for anyone interested. new builds are a joke. I always remember looking at new builds when i was younger, when 95/100% mortgages were available, and it always made me laugh that you could never (at the time) get a high leverage mortgage on new build, because the lenders know the value of the new build goes down immediately after you buy it, because you are paying extra for the fact it is a "new build", so basically they are over priced, and the lenders know it. personally i hate new builds, smaller rooms, tiny gardens, built like sardines in a can, its a personal thing i know, but i would always go for an older/better built house, even if it needs a bit of work. 5 Link to comment Share on other sites More sharing options...
rodders0223 Posted May 21 Share Posted May 21 "Hi, we're first time buyers with a budget of £6.76 and 3 kids looking at homes in the so and so area , is it rough?" "Oh it's terrible hun. If you can stretch your budget I'd try for Four Oaks, Sutton, or Wylde Green." Link to comment Share on other sites More sharing options...
Demitri_C Posted May 21 Share Posted May 21 The housing market round my area is dead. Literally nothings selling. If you are a buyer now you are laughing if you found someone for your own home. You have virtually zero competition so you can get prices down. Remember before covid when everyone was gazumping everyone for houses? Crazy how different it is now m Link to comment Share on other sites More sharing options...
Genie Posted May 21 Share Posted May 21 (edited) 7 minutes ago, Demitri_C said: Remember before covid when everyone was gazumping everyone for houses? Crazy how different it is now m That was a crazy time, people spending £10k over asking to get the £3k stamp duty saving. Market around here seems quite buoyant. Houses up to around £450k selling quite well. Above that is a struggle though. A few near me about £560-580k have been on the market for a very long time. It’s obviously related to the interest rates being higher than they were. Edited May 21 by Genie Link to comment Share on other sites More sharing options...
Demitri_C Posted May 21 Share Posted May 21 38 minutes ago, Genie said: That was a crazy time, people spending £10k over asking to get the £3k stamp duty saving. Market around here seems quite buoyant. Houses up to around £450k selling quite well. Above that is a struggle though. A few near me about £560-580k have been on the market for a very long time. It’s obviously related to the interest rates being higher than they were. Yep for sure it is. But i think we will see some reductions right before election then when labour win election there should a bounce to market like there usually is when a new government comes in. So i think if anyone can get a property before that happens they may geta bargain. Theres two houses on my road one opposite which is at 675k reduced twice and anothee at 695k ( that one is ridiculously over priced its pretty shite) they aint getting any viewings at all Link to comment Share on other sites More sharing options...
Genie Posted May 21 Share Posted May 21 (edited) 6 minutes ago, Demitri_C said: Yep for sure it is. But i think we will see some reductions right before election then when labour win election there should a bounce to market like there usually is when a new government comes in. So i think if anyone can get a property before that happens they may geta bargain. Theres two houses on my road one opposite which is at 675k reduced twice and anothee at 695k ( that one is ridiculously over priced its pretty shite) they aint getting any viewings at all It’ll depend on interest rates. There will be some cuts on the run up to the election, purely coincide of course as the government don’t control them… Edited May 21 by Genie Link to comment Share on other sites More sharing options...
T-Dog Posted May 21 Share Posted May 21 So I gotta ask the question, because I'm normally quite fluent in this world but right now I'm struggling..... My mortgage rate is up end of the month, I've purposefully held out as long as possible thinking the BOE BR might drop, it hasn't, although some of the mortgage deals out there are more favourable now than 6 months ago. If I go to SVR, it's an increase of about £700 a month - I don't really fancy that, I'm not gonna lie. Most favourable products on the market currently are about £300 more, whether fixed or variable - Any suggestions on what's best to do? I genuinely thought the BBR would have dropped by now, and I still think it might, but I'm not great at this kind of thing. Link to comment Share on other sites More sharing options...
tinker Posted May 21 VT Supporter Share Posted May 21 (edited) If you think the rate going to drop then change to lower variable rate with no exit fees, you can move mortgages when that happens, have to fee free though to make it work. You could get the offer of a new deal then approach your existing lender to see if they can match it. Edited May 21 by tinker Link to comment Share on other sites More sharing options...
T-Dog Posted May 21 Share Posted May 21 12 minutes ago, tinker said: If you think the rate going to drop then change to lower variable rate with no exit fees, you can move mortgages when that happens, have to fee free though to make it work. You could get the offer of a new deal then approach your existing lender to see if they can match it. I realise it's a gamble, but do you think the rate is going to drop? I got a few quid in the bank to match the higher payments for a few months, but if it doesn't shift it's gonna be a very expensive mistake. Link to comment Share on other sites More sharing options...
tinker Posted May 21 VT Supporter Share Posted May 21 6 minutes ago, T-Dog said: I realise it's a gamble, but do you think the rate is going to drop? I got a few quid in the bank to match the higher payments for a few months, but if it doesn't shift it's gonna be a very expensive mistake. Only you can answer that, look around for low fee deals with no or low exit fees,.or maybe a boe tracker, if they still exist. Link to comment Share on other sites More sharing options...
T-Dog Posted May 21 Share Posted May 21 15 minutes ago, tinker said: Only you can answer that, look around for low fee deals with no or low exit fees,.or maybe a boe tracker, if they still exist. Yeah I did think about a broker, the last two I've spoken to have been dogshit tbf (not the products, just them as brokers, the products are in line with everything else on the market). Thanks Tinker. Link to comment Share on other sites More sharing options...
Genie Posted May 21 Share Posted May 21 Sometimes lenders will let you out of a deal if you take another with them, might be worth looking into. Link to comment Share on other sites More sharing options...
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